As a licensed REALTOR® I have a subscription to REALTOR Magazine, a comprehensive publication provided by the National Association of REALTORS®. One of my favorite issues is the annual issue featuring a real estate Remodeling Cost vs. Value Report compiled for the current year (2006). Download their report here.
I like to save this article to bring along on listing presentations to help back up some items sellers might think are worthwhile expenses to sell their home when I feel they won't get their money back. In my opinion, this is one of the most informative articles the magazine puts out every year.
You Can't Always Get Back What You Paid
One seller insisted that he wanted to add the $5,000 onto the market value of his home because that's…